Ocean Power Technologies Culture Company

Mr. Matthew T. Shafer has been Chief Financial Officer, Vice President of Finance and Treasurer at Ocean Power Technologies, Inc. since September 07, 2016. Mr. Shafer served as a Vice President of Finance and Corporate Controller for CMF Associates since May 2015, where he led teams in providing finance solutions for small and middle-market high-growth organizations. Prior to that, he served as Senior Director of Finance for Valeant Pharmaceuticals International, a large global publicly traded company that develops, manufactures, markets and sells specialty pharmaceuticals and medical devices. He held primary responsibility as the Business Unit Chief Financial Officer for the Valeant Dentistry, Generics and Neurology business units and had worked closely with commercial operations and corporate level teams on numerous product launches, sales force expansions, mergers and acquisitions, financial systems integrations and internal controls. Before joining Valeant in 2013, he served as Senior Director of Finance for Peak Resourcing providing finance and accounting solutions to small and middle market organizations since 2010. Mr. Shafer has a foundation in Public Accounting working at Arthur Andersen LLP at the beginning of his career, holds a Bachelor of Science in Accounting from The Stillman School of Business at Seton Hall University and an MBA in Finance from Rutgers Business School in New Brunswick, NJ. He is also a certified public accountant.

Ms. Deborah A. Montagna has been Vice President of Business and Product Development at Ocean Power Technologies, Inc. since September 2012. Ms. Montagna has extensive program management, technical operations, and contract experience in both commercial and government sectors and at Clariti Telecommunications and Mikros Systems. She served as General Manager of Government Systems of Ocean Power Technologies, Inc. She holds M.B.A. from LaSalle University.